Eight climate-focused startups have been chosen to take part in what’s claimed to be the world’s first climate-focused fintech incubator within the Nordics and Baltics.
The six-month program is run by Zurich-based F10 throughout which period the startups will obtain coaching and mentoring in addition to the possibility to community seeking funding.
The cohort of startups contains two UK-based corporations – GreenGrowth, an app for sustainable investing, and Xworks, a SaaS knowledge platform for waste buying and selling.
The remaining six startups come from Israel, Sweden, Lithuania, Switzerland and Canada.
This system, which begins on Novermber 8, coincides with the COP27 convention in Egypt. It additionally comes at a time when funding for climate-focused startups is at an all-time excessive.
A research performed by CommerzVentures earlier this yr discovered that funding in 2021 exceeded the mixed quantity raised within the earlier three years.
“The number of local weather fintech options offered reinforces the curiosity for extra progressive options within the wanted transition in the direction of a internet zero society,” mentioned Anders Norlin, head of F10 Nordics and Baltics.
“Moreover, I’m very completely satisfied to see the in depth curiosity, and help, from established local weather fintechs, and corporates, to interact in this system.”